Boost for first-time buyers

[TheRoxZine]

What?? Most 1st time buyers looking for a mortgage have to pay a 10% deposit. My daughter and her fiance tried to get a mortgage last year and the bank wanted 10,000 deposit on a 'basic 3 bed terrace'. When wages are down to a minimum, how the hell can first time buyers even put down a deposit like that? How bad is the housing market? Builders by trade losing their jobs, because so many empty new builds are stood standing, due to no one having the money to buy into them.

[lumpfish99]

oh yeah!!! the banksters are already setting up more fools.......take out your loans......wait a few years then they give your jobs to china and take your house.......

[BBC3ProgrammesInHD]

I have a deposit of £15000+ but despite having a full time job, 40 hours a week, and absoultly no debts or bad history of debts i still cant get a mortage of £90,000 because i dont earn enough!!!

Hopefully things have relaxed a little in the banks this year but the house prices will soon go up because of it!!!

[ExoneratedUndead]

Thats great! Hopefully this will help many get into a home that normally would not have been able to.